BAN2019. Transitioning from LIBOR - The Journey Continues

Are we still on track? Reference rates, or Interbank Offered Rate (IBORs), such as the London Interbank Offered Rate (LIBOR) are widely used in a broad range of financial instruments and other agreements. Regulators in various jurisdictions have undertaken efforts, referred to as reference rate reform, to eliminate certain reference rates and introduce new reference rates or replacement rates. With COVID-19, did we hit pause, hit a speed bump or are we still on track?

Learning Objectives:

• Evaluate accounting and tax implications of reference rate reform
• Assess potential resolution and timing